Advanced Taxation
(Malaysia)
Monday 6 June 2011

Time allowed
Reading and planning:
Writing:

15 minutes
3 hours

This paper is divided into two sections:
Section A – BOTH questions are compulsory and MUST be attempted
Section B – TWO questions ONLY to be attempted
Tax rates and allowances are on pages 2–4
Do NOT open this paper until instructed by the supervisor.
During reading and planning time only the question paper may be annotated. You must NOT write in your answer booklet until instructed by the supervisor.
This question paper must not be removed from the examination hall.

The Association of Chartered Certified Accountants

Paper P6 (MYS)

Professional Level – Options Module

SUPPLEMENTARY INSTRUCTIONS
1.
2.
3.
4.

You should assume that the tax rates and allowances shown below will continue to apply for the foreseeable future. Calculations and workings should be made to the nearest RM.
All apportionments should be made to the nearest whole month.
All workings should be shown.

TAX RATES AND ALLOWANCES
The following tax rates, allowances and values are to be used in answering the questions.
Income tax rates
Resident individual
Chargeable income
Band
RM
2,500
2,500
15,000
15,000
15,000
20,000
30,000
Excess

Tax payable
Rate
Cumulative
%
RM
10
0
11
25
13
475
17
1,525
12
3,325
19
7,125
24
14,325
26

Cumulative
RM
2,500
5,000
20,000
35,000
50,000
70,000
100,000

Non-resident individual
All chargeable income

26%

Resident company
Paid up ordinary share capital

RM2,500,000 or less
20%
25%

On the first RM500,000
On the remainder

More than
RM2,500,000
25%
25%

Non-resident company
All chargeable income

25%

Labuan offshore company – income from an offshore business activity
All chargeable income

3%

Trust body – resident or non-resident
All